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Fluent, Inc. (COGT)

Income Statement Business | Geographic

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    Fluent Segment  350.8315.9304.1277.8250.3   
    Other Segments  10.313.46.63.8    
    Information services        55.56.4
    Performance marketing        131.47.7
Total revenues  361.1329.3310.7281.7250.3211.7186.814.1
            Revenue growth   [+]9.7%6.0%10.3%12.5%18.2%13.3%1225.9%1624.7%
Cost of goods sold  267.5243.7215.1194.4169.3146.4133.810.3
Gross profit  93.685.595.687.281.065.353.03.8
            Gross margin  25.9%26.0%30.8%31.0%32.4%30.9%28.4%27.2%
Selling, general and administrative   [+]70.660.958.559.649.767.170.447.4
Research and development  18.215.812.68.15.32.6  
Other operating expenses  0.0      41.1
EBITDA   [+]4.98.924.519.626.1-4.3-17.4-84.7
            EBITDA margin  1.4%2.7%7.9%7.0%10.4%-2.0%-9.3%-600.8%
Depreciation  0.50.80.80.70.50.50.50.1
EBITA  4.48.123.718.825.6-4.8-17.9-84.8
            EBITA margin  1.2%2.5%7.6%6.7%10.2%-2.3%-9.6%-601.8%
Amortization of intangibles  12.712.414.513.212.712.612.10.7
EBIT   [+]-8.3-4.39.25.612.9-17.4-30.0-85.5
            EBIT margin  -2.3%-1.3%3.0%2.0%5.1%-8.2%-16.0%-606.7%
Non-recurring items   [+]111.30.40.80.41.53.64.1-41.1
Interest expense  2.02.25.46.98.19.77.60.5
Other income (expense), net   [+] -3.0   -1.0-1.5-14.3
Pre-tax income  -121.6-9.83.0-1.73.2-31.7-43.1-59.2
Income taxes  1.80.20.80.10.00.0-14.0-16.6
            Tax rate    27.1% 1.4%0.0%32.6%28.0%
Earnings from continuing ops  -123.3-10.12.2-1.73.2-31.7-29.1-42.6
Earnings from discontinued ops      -19.0  -42.5
Net income  -123.3-10.12.2-1.7-17.9-53.2-29.1-84.5
            Net margin  -34.2%-3.1%0.7%-0.6%-7.2%-25.1%-15.6%-599.9%
   
Basic EPS   [+]($1.51)($0.13)$0.03($0.02)$0.04($0.52)($0.65)($3.27)
Diluted EPS   [+]($1.51)($0.13)$0.03($0.02)$0.04($0.52)($0.65)($3.27)
   
Shares outstanding (basic)   [+]81.480.078.679.476.761.244.513.0
Shares outstanding (diluted)   [+]81.480.079.579.476.761.244.513.0
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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